Daily Crunch: Facebook embraces remote work

Facebook takes more steps to support and expand a remote workforce, IBM announces layoffs and TechCrunch’s big annual conference is going virtual. (I know, I know — I have mixed feelings about it, too.) Here’s your Daily Crunch for May 22, 2020. 1. Facebook makes big remote work moves with plan for new hubs in…

Daily Crunch: Facebook embraces remote work

Facebook takes more steps to support and expand a remote workforce, IBM announces layoffs and TechCrunch’s big annual conference is going virtual. (I know, I know — I have mixed feelings about it, too.)
Here’s your Daily Crunch for May 22, 2020.
1. Facebook makes big remote work moves with plan for new hubs in Dallas, Denver and Atlanta
Facebook CEO Mark Zuckerberg estimated that over the course of the next decade, half of the company could be working fully remotely. As the next step toward that goal, Facebook will be setting up new company hubs in Denver, Dallas and Atlanta.
For Menlo Park employees looking for greener pastures, there’s one sizable catch. Starting on January 1 of next year, the company will localize all salaries, which means scaling compensation to the local cost of living.
2. IBM confirms layoffs are happening, but won’t provide details
IBM isn’t sharing details, but analyst Patric
Read More From Publisher